Last year for energy tax credit on windows

Energy Credit for Windows

A limited tax credit is still available for energy-savings items added to  your residence by December 31, 2016.  The credit is 10% of the cost of those items and is limited to $500.  Prior year credits reduce the $500 maximum.  Certain items are capped: No more than $50 for circulating fans, $150 for furnaces and […]

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Tax impact of investor vs. trader status

Analyzing stock market graph

If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill. Do you know the difference? Investors Most people who trade stocks are classified as investors for tax purposes. This means any net gains are treated as capital gains rather than ordinary income. That’s good if […]

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Happy Labor Day

labor day copy

All of us at BMC would like to wish everyone a happy Labor Day.  Thank you to all of you who put in a hard days work and keep our economy running, its what makes our nation great. God bless everyone – have a safe and restful weekend.

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